D.C. Circuit Court of Appeals Denies ABA Bid for Rehearing

Yesterday, the U.S. Court of Appeals for the D.C. Circuit granted the Credit Union Movement a victory in its long battle with the American Bankers Association regarding the National Credit Union Administration’s 2016 Field of Membership amendments. The Court denied the ABA’s petition for an en banc rehearing of the Appeals Court’s August 2019 decision that overturned the lower U.S. District Court’s decision that struck down two provisions of NCUA’s FOM final rule. As a result, credit unions will once again be allowed to serve Combined Statistical Areas of up to 2.5 million people and rural districts with up to one million people. Collective credit union action and advocacy played a role in this victory with your Association supporting CUNA’s brief in support of NCUA. While this is a definite win, it is possible that the ABA will appeal the decision to the U.S. Supreme Court.

Posted in Advocacy on the Move.